2023 Predictions: Buyers Remain Hopeful

The limited supply of homes continues to affect affordability, particularly for first-time homebuyers, keeping prices from dropping further.
Low housing inventory has been a challenge since the 2008, and it is unlikely to recover in 2023.
Analysts are closely watching the economy, including inflation and interest rates, to gauge the market's direction.
Borrowers in foreclosure are leveraging the positive equity in their homes by refinancing or selling for a profit.